Overview
The Managed IT Services Provider (MSP) sector is experiencing dynamic expansion, forecasted to surge from $283 billion in 2023 to an impressive $839 billion by 2032. This represents a robust compounded annual growth rate (CAGR) of 13%.
This substantial growth is driven by several key factors:
- Escalating Security Threats: As digital threats become more sophisticated and pervasive, companies are increasingly reliant on specialized security services to safeguard their data and operations. The emergence of generative AI technologies has introduced new vectors for cyber attacks, making the threat landscape even more complex and challenging to navigate.
- Widespread Adoption of Cloud Services: The shift towards cloud computing requires enhanced security protocols and continuous monitoring, fueling demand for expert managed security services.
- Acute Talent Shortage: The ongoing lack of skilled cybersecurity professionals compels businesses to turn to MSSPs to access expert resources and capabilities.
- Proliferation of Connected Devices: The increasing use of IoT devices across industries multiplies the number of potential entry points for cyber attacks, significantly expanding the attack surface that organizations must protect.
- Generative AI as a Double-Edged Sword: While GenAI can be used to strengthen cybersecurity defenses by predicting and neutralizing threats more efficiently, it also poses new risks. Malicious actors can exploit AI technologies to develop more advanced malware, perform social engineering at scale, and automate attacks.
Customers are increasingly looking for companies with extensive experience in managed IT services, managed security services, and Microsoft 365 managed services to outsource to.
